The unemployment rate in Malta fell to 3.3 percent in the first quarter of 2020 from 3.6 percent in the corresponding period of the previous year. The number of unemployed dropped by 330 to 9,006 while employed rose by 13,584 to 260,827. Meantime, the activity rate went up to 77.2 percent from 75.4 percent in Q1 2019 and the employment rate rose to 74.6 percent from 72.6 percent.
Unemployment Rate in Malta averaged 6.04 percent from 2001 until 2020, reaching an all time high of 8.24 percent in the third quarter of 2003 and a record low of 3.20 percent in the fourth quarter of 2019. This page provides the latest reported value for - Malta Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Malta Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.
Unemployment Rate in Malta is expected to be 6.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Malta to stand at 7.20 in 12 months time. In the long-term, the Malta Unemployment Rate is projected to trend around 6.10 percent in 2021 and 4.50 percent in 2022, according to our econometric models.